Each of the values in yellow have to be answered with the formula used, not the actual number answer. Thanks!
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finance question.PNG


Each of the values in yellow

have to be answered with the formula used, not the actual number answer. Thanks!

finance question.PNG

Top Answer

Present value = $4153.686 value at end of... View the full answer

IMG_4177.jpg

Let Present Value is P
Value of P after it year = p ( 1 + 0 08)
Value of I after and year - P ( 1+ 0 08) ( 1+0.07)
and p ( 1+ 0. 08 ) ( 1:07 ) - future value
P ( 1 . 1556 ) - 4860
p -
4 802
- $...

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